Top 100 Pesticide Enterprises in China
2021 continued a strong growth momentum of agricultural chemical market that has been seen for recent decade. Amidst the COVID-19 period, numbers of overseas orders flooded in China and there was a spike in electricity consumption which collided with the central government's carbon neutrality pledge and policies to control energy consumption & intensity by power rationing and production restriction. These factors along with raw materials' rises somehow led supply shortfalls and sent the pesticide prices high. In addition, China gave the top priority for healthy development of the pesticide industry.
Chinese pesticide enterprises have started to relocate their production operation since the end of 2018. Inner Mongolia Autonomous Region, Gansu Province, Ningxia Hui Autonomous Region come along as the major destinations of such relocations to the central and western regions. In 2021, both total revenue and the entry threshold of top 100 pesticide/formulation producers have increased from last year's records. Moreover, the lists indicate increased industry concentration as the sales of the top 10 accounted for about 40% of the total.
Along with intensified competition within the industry and rigorous enforcement of environmental protection measures, China's pesticide industry has entered a new round of integration with increasing number of M&A deals settled in the year, to boost adaptability to the ever changing environment and improve technology, product quality and innovation, business services, etc.
In this report, CCM will do analysis of Top 100 Pesticide Enterprises in China from the following aspects:
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